Microchip Techology (MCHP) and Tesla (TSLA) Short Set-up

in chi-chat •  6 years ago  (edited)

MCHP
Let's take a look at MCHP. It went down hard from 10-4-2018. It has got some support @ a lot lower. And it's probably continue to going lower. Not good news coming out of Micron Technology. It got some support down @ $65.40.

mchp.jpg



TSLA
If you're in Tesla right now, it's going to be a wild ride for sure. Below the ichimoku cloud, went back up to almost to the bbottom of the cloud and then gap down and and then Elon decides he is going to settle with SECB and it gaps up and now it is selling off. So if you're in Tesla short, tighten up your stops. It may continue to be a wild ride.

tsla.jpg

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